Yahoo - "Foreign Cash Could Boost Housing Market" (11-10-07)

"The theory goes that foreign investors step in and replace first-time home buyers who have been squeezed out of the housing market during the recent downturn. These new investors in turn allow current homeowners to sell and trade up to larger homes. That will help restart owners moving up the housing ladder, a process that had been key to economic growth in recent years."

Bloomberg - "Paulson Defends Dollar's Status as Trichet, Flaherty Decry Drop" (11-10-07)

"U.S. Treasury Secretary Henry Paulson defended the U.S. dollar's status as the world's main currency after European Central Bank President Jean-Claude Trichet and Canadian Finance Minister Jim Flaherty decried its slide. With the dollar reaching record lows this week against the euro and Canadian dollar, Trichet called 'brutal' shifts in exchange rates unwelcome, and Flaherty said he's 'concerned.' Yesterday, Paulson broke new ground in saying 'there's a reason' the U.S. dollar has been the world's reserve currency for decades."

Bloomberg - "UBS Investment Banking Bonuses to Be More Stock, Less Cash" (11-10-07)

"UBS AG, Europe's largest bank by assets, will pay more of its investment bankers' bonuses this year as stock, instead of cash, after reporting its first quarterly loss in almost five years. UBS booked a net loss of 830 million Swiss francs ($739.1 million) in the three months through Sept. 30, after writing down $4.4 billion on fixed-income securities affected by the U.S. subprime mortgage slump."

Orange County Register - "Buying risky mortgages" (11-10-07)

"Bond giant Pimco is launching a $2 billion fund to invest in distressed debt, though it declined to discuss the details. And in August, TCW Group, a Los Angles-based money manager, closed a similar $1.56 billion fund to new investors. Kingsley Greenland, chief executive of Boston-based DebtX, an online broker of loan sales, said amid softening home prices, delinquent first mortgages are selling in the 50-cent to 60-cent on the dollar range against unpaid principal balance."